1

SIBIRGAS APG Utilization Plant Presentation

Startup Village

27 may 2013 Skolkovo

NOT FOR DISTRIBUTION

Technology Description

3

# Alternative Technologies (60 mln. M3 of APG)Revenue(mRUB/year)

1 SGT ® POX Petro-Chemical Reactor 1 114

2 Gas-Tech Power Plant 24 MW315

158

3 Unit for production of synthetic oil by FT 308

4 Mixed installation for producing synthetic oil by FT and electricity generation for own use

284

5 Mixed installation for producing synthetic oil by FT and vyrapbotka and electricity for their own use and sale in the wholesale market

352

6 Plant for the production of methanol 399

7 Installation LNG transport to Refinery 35

8 Unit for production of synthetic crude oil and synthetic fuel 297

9 Installing gas treatment for OAO Gazprom 72

10 Installing gas treatment for OAO Gazprom (including transportdo magistralgnogo pipeline)

72

11 Installation for gas injection -25

Technology DescriptionMarket Potential Comparative Survey

Cost of APG Flamed

3.5 bUSD

In 2011 Russia flamed

35 bln.m3 of APG

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Company Description

27 years of Experience

5 core people10+ Mentors

4 partners

30 expertsinvolved

January 2013 SG Technology is created in order to do all R&D process.SG Technology became Skolkovo Participant

May 2013

April 2013 Signed project preparation agreement with VNIPI Neft

SibirGas was presented to Primem-inister Dmitry Medvedev as an one of most efficient projects in Oil and Gas

5

Company Strategy

202320162013

Company EBITDA mUSD

0

42,4

122,5

Current State 3-4q. 2013 4q.2013 – 3q.2014

Scientific Prototype

Size - 30:1Qty of APG – 50 m3/hour

Owner: SGT LLC.

Stand Prototype

Size – 900:1Qty of APG – 200 m3/hour

Owner: SGT LLC

Laboratory

Size - 1:1Qty of APG – 1,5 m3/hourProduct Output – 1 mt/yearDiameter – 10 mmOwner: Russian Academy of Science (Chernogolovka)

202320162013

9

44

Total amount of SGT® Sold

0

Sell

202320162013

10

Amount of SGT® used by company

0

1

Refine APG

6

2014 2018 2020 2023

Economic Indicators & Scenario analysisCompany Valuation

Discount rate 15%, Period – 10 years (2013-2023), Non-inflation Case Scenario Base

Realistic Scenario

Pessimistic Scenario

Siberian Gas Inc. is using Realistic Case scenario as a Basic

Pessimistic Scenario is provided to see our Risk management

513 mUSD

Realistic Scenario

TV- 383 mUSDNPV - 130 mUSD

Pess. Scenario

TV- 220 mUSDNPV - 29 mUSD

Company Valuation by DCF method

249 mUSD

EBITDAmUSD

NOPATmUSD

Profit Margin

%

RevenuemUSD

-

200,000,000

400,000,000

20,324,

267

93,979,

200

107,307

,200

127,299

,200 21,845,000

165,345,600

188,101,840

222,236,200

-

20,000,000

40,000,000

60,000,000

80,000,000

100,000,000

120,000,000

140,000,000

3,886,88

7

38,192,3

00

46,980,4

92

60,162,7

80

4,407,6

20

76,739,

232

95,027,

877

122,460

,844

-

20,000,000

40,000,000

60,000,000

80,000,000

100,000,000

2,877,509

24,991,790

29,833,855

37,216,296

3,294,096

55,447,682

67,732,990

86,025,093

0%10%20%30%40%50%

14%

27% 28% 29%

15%

34% 36% 39%